Indebtedness (Tables)

3 Months Ended

Mar. 31, 2022

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

					March 31, 2022				December 31, 2021
	Maturity Date	Collateral	Capacity Amount		Outstanding		Collateral Pledged		Outstanding		Collateral Pledged
Advance Facilities
$400 advance facility(1)	August 2023	Servicing advance receivables	$	400	$	219	$	312	$	234	$	318
$350 advance facility	October 2022	Servicing advance receivables	350		156		189		160		197
$350 advance facility	January 2023	Servicing advance receivables	350		158		186		162		190
$75 advance facility	December 2022	Servicing advance receivables	75		53		79		58		89
Advance facilities principal amount					586		766		614		794
Warehouse Facilities
$4,000 warehouse facility	February 2023	Mortgage loans or MBS	4,000		987		1,118		1,224		1,341
$2,500 warehouse facility	October 2022	Mortgage loans or MBS	2,500		746		772		991		1,024
$1,600 warehouse facility(2)	September 2023	Mortgage loans or MBS	1,600		148		161		409		425
$1,500 warehouse facility	June 2022	Mortgage loans or MBS	1,500		349		352		356		345
$750 warehouse facility	October 2022	Mortgage loans or MBS	750		256		272		256		270
$550 warehouse facility	August 2022	Mortgage loans or MBS	550		48		49		87		89
$500 warehouse facility	June 2023	Mortgage loans or MBS	500		216		224		188		194
$500 warehouse facility	September 2022	Mortgage loans or MBS	500		284		293		419		430
$500 warehouse facility	June 2022	Mortgage loans or MBS	500		137		163		39		39
$500 warehouse facility	August 2023	Mortgage loans or MBS	500		178		184		38		39
$325 warehouse facility	December 2022	Mortgage loans or MBS	325		38		38		67		67
$250 warehouse facility(3)	May 2022	Mortgage loans or MBS	250		1		2		5		6
$200 warehouse facility	June 2022	Mortgage loans or MBS	200		31		39		46		58
$30 warehouse facility(4)	January 2022	Mortgage loans or MBS	30		—		—		—		—
Warehouse facilities principal amount					3,419		3,667		4,125		4,327
MSR Facilities
$800 warehouse facility(1)(5)	August 2023	MSR	800		260		1,345		260		1,107
$400 warehouse facility	August 2022	MSR	400		300		1,246		—		838
$400 warehouse facility(2)	September 2023	MSR	400		215		1,114		—		745
$50 warehouse facility	November 2023	MSR	50		25		84		10		124
MSR facilities principal amount					800		3,789		270		2,814
Advance, warehouse and MSR facilities principal amount					4,805		$	8,222	5,009		$	7,935
Unamortized debt issuance costs					(10)				(12)
Advance and warehouse facilities, net					$	4,795			$	4,997

(1)Total capacity for this facility is $1,200, of which $400 is internally allocated for advance financing and $800 is internally allocated for MSR financing; capacity is fully fungible and is not restricted by these allocations, in comparison to $1,200, $940, and $260 respectively in 2021.

(2)The capacity amount for this facility is $2,000, of which $400 is a sublimit for MSR financing.

(3)The capacity amount for this warehouse facility decreased from $600 to $250 in 2022.

(4)This facility was terminated in January 2022.

(5)The capacity amount for this warehouse facility increased from $260 to $800 in 2022.

The weighted average interest rate for advance facilities was 2.4% and 3.0% for three months ended March 31, 2022 and 2021, respectively. The weighted average interest rate for warehouse and MSR facilities was 2.1% and 2.2% for three months ended March 31, 2022 and 2021, respectively.

Schedule of unsecured senior notes

Unsecured senior notes consist of the following:

Unsecured Senior Notes	March 31, 2022		December 31, 2021
$850 face value, 5.500% interest rate payable semi-annually, due August 2028	$	850	$	850
$650 face value, 5.125% interest rate payable semi-annually, due December 2030	650		650
$600 face value, 6.000% interest rate payable semi-annually, due January 2027	600		600
$600 face value, 5.750% interest rate payable semi-annually, due November 2031	600		600
Unsecured senior notes principal amount	2,700		2,700
Unamortized debt issuance costs	(30)		(30)
Unsecured senior notes, net	$	2,670	$	2,670

Schedule of maturities of long-term debt

As of March 31, 2022, the expected maturities of the Company’s unsecured senior notes based on contractual maturities are as follows:

Year Ending December 31,	Amount
2022 through 2026	$	—
Thereafter	2,700
Total unsecured senior notes principal amount	$	2,700